Large incumbent service firms built the US service economy by opening new establishments. In a two-sector firm-dynamics model, cheaper replication costs + rising manufacturing productivity explain over 50% of US structural transformation. federalreserve.gov/econres/ifdp/w… #IFDPPaper
0
1
0
938
New #IFDPPaper: Chinese products targeted by U.S. tariffs see declines in import prices in “bystander” countries. (1/2) federalreserve.gov/econres/ifdp/t…
2
4
15
1,593
Effects are larger in low-income countries, for products where the U.S. was a key destination for Chinese exports, and in countries geopolitically closer to China. (2/2) federalreserve.gov/econres/ifdp/t… #IFDPPaper
0
0
2
423
New #FEDSPaper: Costly Misdemeanours: Labour Market Effects of Low-Level Drink-Driving Violations: federalreserve.gov/econres/feds/c…
0
0
1
1,041
ICYMI New #FEDSPaper: Heterogeneity in Service Fee Sensitivity: Evidence from ATM Surcharges: federalreserve.gov/econres/feds/h…
0
1
3
1,110
What happened to the US dollar share of Euro Area central banks' FX reserves when they moved gold reserves out of the US? A new #FEDSNote investigates. federalreserve.gov/econres/notes/…
0
2
20
3,412
New #FEDSNote: A Common Pattern behind Diverging Fortunes US Tariffs and Exports from Canada and Mexico: federalreserve.gov/econres/notes/…
0
1
9
1,580
Following our first note, “Introducing Private Credit into the U.S. Financial Accounts,” this new #FEDSNote details the methodology and how leverage and portfolio concentration differ across vehicles, reflecting distinct institutional structures. (1/2) federalreserve.gov/econres/notes/…
4
14
66
5,434
U.S. PD funds held about $530 billion of private credit loans in 2025Q4. Leverage (debt-to-NAV) at U.S. PD funds is low on average and relatively stable, at around 0.25. Funds at the 90th percentile have leverage ratios that are typically near 1. (2/2)
0
0
0
690
New #FEDSNote: The Effect of Oil Prices on Core Inflation: Recent Evidence from the Advanced Economies: federalreserve.gov/econres/notes/…
5
29
141
56,311
New #FEDSPaper: Heterogeneity in Service Fee Sensitivity: Evidence from ATM Surcharges: federalreserve.gov/econres/feds/h… #EconTwitter
0
1
2
1,248
How have dealer balance sheets responded to recent increases in Treasury issuance? #FEDSNote federalreserve.gov/econres/notes/… #EconTwitter
0
3
20
2,303
This #FEDSPaper constructs novel monthly county-level consumption measures from credit card spending data and shows how they enable analyses that are infeasible with traditional consumption data. federalreserve.gov/econres/feds/m… #EconTwitter
0
4
28
2,620
New #IFDPPaper: When and for Whom Does the Sovereign-Bank Nexus Matter? Evidence from Post-Crisis Europe: federalreserve.gov/econres/ifdp/w… #EconTwitter
0
1
4
1,193
New #FEDSNote: Government Bonds’ Safe-Haven Property and Inflationary Pressures: federalreserve.gov/econres/notes/…
0
5
33
2,779
New #FEDSNote: Ripples in the Reserve Pool: Unveiling Liquidity Signals from the Federal Funds Market: federalreserve.gov/econres/notes/…
0
0
12
1,578
The September 2026 release of the Financial Accounts of the U.S. now integrates private credit. The charts show $2.6 trillion in assets across private credit vehicles & $1.5 trillion in loans to U.S. businesses. For more details: federalreserve.gov/econres/notes/…
federalreserve.gov/releases/z1/de…
federalreserve.gov/releases/z1/de…
0
3
41
2,550
ICYMI New #FEDSNote: Convenience Yields, Risk Premiums, and the Interpretation of Oil Futures Prices During Times of Geopolitical Conflict: federalreserve.gov/econres/notes/…
0
3
11
1,377
ICYMI New #FEDSNote: Beyond the Current Account: U.S. Financial Flows and Global Imbalances: federalreserve.gov/econres/notes/…
0
1
11
1,475
ICYMI New #FEDSNote: Assessing Monetary Policy Globally: Evidence from LLMs and Semi-structural Models: federalreserve.gov/econres/notes/…
0
0
12
1,453